Palladyne AI Corp. 8-K Report: Key Financial Insights & Updates

Based on the provided section of the financial report for Palladyne AI Corp. (CIK: 0001826681), here are the key insights and important information extracted:

1. Entity Information:

• Company Name: Palladyne AI Corp.
• CIK Number: 0001826681
• SEC File Number: 001-39897
• Employer Identification Number (EIN): 85-2838301
• Address: 650 South 500 West, Suite 150, Salt Lake City, UT 84101
• Phone Number: (888) 927-7296

2. Report Type:

• The filing is an 8-K form, which is used to report unscheduled material events or corporate changes.

3. Reporting Period:

• Start Date: December 26, 2024
• End Date: December 26, 2024

4. Stock Information:

• Common Stock:
• • Par Value: $0.0001 per share
  • Ticker Symbol: PDYN
  • Exchange: NASDAQ
• Redeemable Warrants:
• • Ticker Symbol: PDYNW
  • Nature: Exercisable for shares of Common Stock
  • Exercise Price: $69.00 per share

5. Segment Information:

• The report indicates segments related to Common Stock and Redeemable Warrants, with specific dimensions outlined in the XBRL taxonomy.

6. XBRL Context IDs:

• Various context IDs are provided for the different segments, which may be relevant for detailed analysis within the XBRL framework.

Insights:

• This report suggests that Palladyne AI Corp. is potentially in a transitional phase or may be disclosing significant corporate events as indicated by the 8-K filing.
• The presence of redeemable warrants with a high exercise price of $69.00 may indicate a strategy to raise capital or incentivize investment in the company's equity.
• The report primarily focuses on a specific date, which could be indicative of a particular event or milestone reached by the company on that date.

Overall, the report presents crucial information for investors or analysts monitoring Palladyne AI Corp.'s financial status and market activities.